>> this is "bbc world news." funding of this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, and union bank. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your

growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news." >> for bringing peace to a continent ravaged by war, the nobel peace prize is awarded to the european union. >> with riots on the street over the economics, what to make of the timeling. -- what to make of the timing. >> hello and welcome to gmt. i'm david eades. also coming up on the program, battle of the beat, young versus old. but who emerged the winner of

the vice presidential debate in the -- in kentucky. and with midday here in london, 7:00 a.m. in washington. 1:00 p.m. in oslo where the nobel peace prize has gone not to an individual or even a handful of individuals. it's been awarded to a political entity and one which currently divides opinions like never be. the european union. the nobel peace prize is a controversial choice given the tensions over the economics and the austerity measures the u.n. imposed on some countries in the euro zone. >> the door of the nobel opened at exactly 11:00 local time, as happens every year where the

committee chairman makes his announcement. once again, it was a huge surprise. >> the nobel committee has decided that the nobel peace prize for 2012 is to be awarded to the european union. >> the european union emerged from the seventh station of the second world war in which tens of millions of people were killed. the aim was to prevent further conflict in europe. focusing initiatives on france and germany. >> today war between germany and france is unthinkable. this shows a well maintained effort and confidence that former foes can become close partners. >> what's now known as the european union expanded rapidly.

the fall of the berlin wall led to eastern europe's country joining. and it was something the european commission president also focused on today when he gave his reaction to the award. >> european union was able in six countries to reunite almost all european continents. freedom, democracy. rule of law and respect for human rights are the ones that people all over the world aspire to. >> but the e.u. has won the peace prize in the midst of an acute financial crisis which has led to violent demonstrations in greece and spain. in europe, all divisions are reopening.

perhaps that's why the european -- the nobel committee wants to boost it, prevent it from fragmenting. >> well, it's turned up a lot of discussion. we'll be going to the self-appointed capital of the e.u., brussels in a moment. first of all, we're going to catch you up on other stories making headlines around the world. idea's winner of the nobel prize for literature says he hoping the compatriot who won two years ago would soon be freed as he was jailed in 2009 and serving an 11-year sentence for inciting subversion of to the power. >> and the president's mohammed to remove the country's top prosecutor. as a farce, the president's move follows an angry public response to the acquittal of a

group of supporters of the outgoing regime. reducing the risk of extinction for threatened species and establishing protected areas cost the world more than 76 billion dollars every year. researchers say this is needed for a conservation target. but they say the daunting numbers is just a bit of what the world spends on soft drinks every year. now arguments over the economy, social policy and presence on the world stage. there's not only talking points in europe. joe biden and his republican rival paul ryan held their one and only debate from kentucky last night. >> we welcome vice president

joe biden and congressman paul ryan. >> the grizzled warrior and the young pretender, squaring up for a contest that would prove as entertaining as it was brutal. they began on libya and the attack on a consulate. >> it took the president two weeks to acknowledge that this was a terrorist attack. what we are watching on the tv screen is the unraveling of the obama foreign policy. >> with all due respect, what you just said is malarkey. >> he didn't make amends for his boss' -- on iran, he accused the republicans of loose talk. >> it was on the ascenden as i when we took office. it is now totally isolated. >> and he went where barack obama would not by referring to

the secretly-filmed video where romney referred to the middle class as -- >> with respect to that quote, i think the vice president very well knows that sometimes the words don't come out of your knockout right way. >> he took that on the chin but little else from afghanistan to syria, medicare to taxes, neither man was giving ground. >> and still preserve the middle class -- >> not mathematically possible. >> it is. it's been done before. >> it has never been done before. >> it has been done a couple times before. >> now you're jack kennedy? >> but there was an under current of mutual respect and when it ended the two families joined them on stage.

in the polls they were wondering if this man did enough to restore team obama's confidence. >> 10 years ago indonesia underwent the boly bombings many torturists from pretty much all over the world. survivors have been back to bomby to commemorate the anniversary. security was tight after they were warned of attacks. >> 10 years on. and the emotions are still raw. for some, the memorys are too much to bear. looking at the photos of those who died, australian and indonesiain' leaders stayed extremists tried to sew hatred between them, but failed. >> terrorists have killed and maimed thousands around the world but they will never

sundayer or displace a single ideal. we will never forget all that we lost. we will hold fast to that which remains. to our determine nation as a free people to explore the world and unheld by fear. to defeat terrorism. >> this was a tragedy that affected not just australians but more than 20 nationalities. the second number of lives lost came from indonesia. it dealt a blow to boly's tourist industry. today bali's streets are bustling again. >> 10 years later, and this is bali's ground zero. a memorial to honor the dead. standing in between the spots where the two nightclubs once stood. many ways, bali has moved on. but for those who were affected, they will never forget what happened that night.

>> those responsible for the blasts have been brought to justice. the remorseless bali bombers have been executed and their extremist network has also been severely weakened. but officials warn indonesia eswar on terror is far from over. >> even though the big fish of these networks have been caught, the next generation of militants have now formed smaller cells that can now execute plans iptly but still have the same radical views and goals as the first. >> bali is now thronging with more tourists than ever before. but the threat of terrorism still remains. 34 here hope they can finally close a chapter on bali's deadly day. >> the e.u. claiming this

year's recipient of the nobel peace prize. joining me from brussels is your correspondent, chris morris. i wonder what sort of initial response you picked up from brussels. delight i suppose is eminent, but some surprise? >> yes. i think as you would expect, a mixed reaction is probably the best way to put it. those who run the e.u. institution are delighted. an award for all 500 million citizens in the european union. i think probably more than 499 million of those and counting would just shrug their shoulders and carry on with life as normal. but i think there's a symbolic aspect in all this. at a time when the e.u. is under so much pressure, it appears the nobel committee is saying don't forget the good and don't throw the baby out

with the bath water. euro skeptics are already screaming saying it's ridiculous and a disgrace and would have been psych path i can years ago and now it's just plainly out of touch. certainly not an award for the peace and harmony on the streets of athens and madrid. i think it's easy to criticize and laugh in a way but it is a little bit of a reminder than the e.u. has achieved things, and big things in the post war -- post second world war period that's been created even though it's now in quite a bit of a difficult situation. >> i guess as each year goes by, trying to sell that story of the european union having peace and stability after two world wars gets tougher. not many politicians around lived through that phase. crisis is now the word we associate with the e.u. and trouble on the streets are the pictures we get.

>> that's right. the second world war generation is certainly saying never again should this happen in europe. dreadful and terrible scenes from two disastrous world wars in the 20th century which really do put into context the pictures we can use now of the 200 people using stones and model to have cocktails. we're talking it's not even comparable, clearly. on the other hand, you know, there are new europeans that think of them as new europeans, the countries that joined the e.u. and the countries that were under communism for a long time. and nato. those two big institutions, something which has given them the freedom they wanted. >> chris morris, thank you.stil

team witnessed dire conditions in a hospital in aleppo where doctors are doing their best to treat large numbers of people. among them, children. >> the u.k.'s first atomic bomb store, a roller coaster or 100-year-old cinema. among 1,000 sites risking destruction due to aging. we report. >> in an earlier age of austerity, the roller coaster at the dream land offered an escape from the misery of the great depression. britain's oldest roller coaster is in decay and many others are at risk of being lost forever. another is the crescent in buckston darby sure. it has fallen out of use by the

turn of this century though now repairs are under way. >> you see they are begin is to go fall into disrepair and then you see it demolished. u kind of lost part of your house, haven't you? >> english heritage wants people to get involved where they can. the historic grand union canal is steadily undergoing refurbishments. >> these are being replaced. it will cost 90,000 pounds, and that is problem for english heritage, convincing people that preserving the past is worth doing when the present is defined by shortages and budget cuts. >> and heaving these to future generations can be a difficult decision to make. >> you can find out much more about this battle to save

english heritage by heading to our website. increasing efforts to ball nies the efforts. we're taking a closer look at some of the buildings identified as being -- as needing repairs. >> this is gmt from "bbc world news" i'm david eades. these are the headlines. nobel peace prize goes to the european union for its roll in democracy and human rights in europe. foreign policy in the state of the economy dominate the only debates between the two candidates. >> to business news, jamie is here. we're talking about the e.u. some of the darker side you're focusing on. >> yes. i was going to say, it's been the focal point, the epicenter of the crisis. maybe it didn't start there but

actually where it is center is mostly europe. what i am seeing now is the european union representing, like germany and the i.m.f. features the bbc debate on friday. they said perhaps more time is needed for states trying to cure the debt problem and on the other hand saying no, we've got to stick to the timetable and people have got to hit the timetables. this is what careen lagarde said in a debate hosted by the bbc. >> adjustment is needed. but it's not going to be the same for all. it's going to be country-specific and also in regards to the rest of the package put in place. but there's no doubt in our mind that the burden of debt

currently waiting on the shoulders of advanced economies is not sustainable in the long run. but it's a marathon. >> i think that sums it up. it's a marathon, not a sprint. of course everybody wants them toe merge victorious. but -- >> and tell me a bit more about the london wales. back in the spotlight. both figures have come up with j.p. morgan, american investment bank. 35%. however, behind these figures we've got problems in terms of a massive trading loss, which has emerged this year. committed by this character who is called the london wail. he did these extraordinaire trades of enormous size and then suddenly they -- suddenly

he did well. and now a number of banks are being accused of illegal workings. >> when the news broke, i think the first or second quarter of this year, it was $2 billion, initially the losses the trade london wales racked up. now they are saying $6 billion. worst-case scenario, another $1.8 billion so we will get clarity on where they are with these trades. >> interesting. we will get a little more clarity on the. but share prices are back up to where it was before. there are still eruptions in the banks. >> riding the storm. >> yes. >> thank you very much, indeed. >> now near brit at any royal

military police have arrested some related to murder in afghanistan in 2011. it's to be the first time military personnel in u. cument are to have been arrested due to killing in the -- in afghanistan. >> these arrests were made because of incidents last year when they carried out 41,000 patrols. 23 service men from the brigade lost their lives on that summer tour of duty. one stays incident in question followed an engagement with an insurgent and that there were no civilians involved. strictly troops should never open fire unless they are niged with the enemy and could be

prosecuted if they get it wrong. some say it is to ensure the u.k. personnel acted in corns with the rules. now there will be a an internal review the rectify lessons learned. >> staying here in britain for the moment because the police watchdog here says it will undertake the biggest investigation into police actions over the hillsborough stadium disaster in 1989 in the yorkshire city of sheffield in which 90 football fans died. a large number of serving or retired officers were being investigated over what happened on that day and the alleged coverup that followed, this coming on the back of the publication of findings that lead directly to the disaster. egypt is stepping up efforts to

bring back the tourists after many were scared off by the violence in the areas. our correspondent has the. >> these are hard times for the camels and their owners who make a living off the tourists who visit egypt's most popular monuments. the souvenir stands with their rows of pharaohs, plates and pyramids are all looking sadly empty. though one shop owner is putting on a combrave face. >> must be hard for you and your family and all the people working here. >> yes. because we are working with torturists. >> the problem is many westerners still see egypt as something of a war zone. this man is an american tourist in egypt.

>> they said if you go there, you're going to get kidnapped and al qaeda is going to kill you. not true. what i found here so far is people are very nice. they welcome torturists and i haven't had any problems. >> so now ministers have stepped up efforts to reassure the world. after a long restoration project -- >> look around you. lots of people are coming. so the message was sent and received by all the people. egyptians and all the countries. to look around you. obscure, ready to receive anybody who might come here to visit our monments. >> this is the root torturists can now take once again into the very heart of one of the great pyramidses. that is if they don't mind bending double through these ancient passages. >> i'm just coming out now into

the burrell chamber right in the heart of the pyramid. >> we opened after a year of restoration. this is where the pharaoh himself was buried. as far as i can see, the only real danger here is claustrophobia. >> back in the warmth of the egyptian sun, it all seems al picture of calm after the turbulence of the revolution. the torturists are once again lining up to take the photo of the pyramid in the palm of the hand. >> now just want to bring you right up to date on the situation with regard to the hillsborough story we were telling you. the fans that lost their life were all from liverpool, because they were playing an epic semi cup and we had a clear and warm welcome coming from the town of liverpool whose expressed satisfaction on behalf of the families' victims

that this decision is being taken to start investigations into a significant number of police officers both serving and retired as to their role that fateful day. now, fuve paying attention, wouldn't want you dropping off, but we all do from time to time perhaps at the end of a busy day you can get too tired to eat. all you want to do is go to sleep. a.j. and m.j. they are only 28 months old and doing their darnedest to finish their spaghetti. their mother put this online after what was a long day we're told spent building sand castles and playing in the pool. it goes on and on, this but ultimately you get this. they never quite finish the spaghetti. ok. i just want to remind you of our top story here on gmt. this is nobel peace prize

awarded to the european union. the e.u. was given its reward for its long-term role of united eastern europe. after world war two. that's it for now from gmt. stay with us here on "bbc world news." >> make sense of international news at bbc.com/news. >> funding for this presentation was made possible by the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, and union bank. >> at union bank, our

relationship managers work hard to understand the industry you operate in, working to nurture new ventures and help provide capital for key strategic decisions. we offer expertise and tailored solutions in a wide range of industries. what can we do for you? >> "bbc world news" was presented by kcet, los presented by kcet, los angeles